200
200
Jun 14, 2012
06/12
by
MSNBCW
tv
eye 200
favorite 0
quote 0
look, we have no choice whether we pay down our deficit. but we do have a choice about how we pay down our deficit. we do have a choice about what we can do without and where our priorities lie. i don't believe that giving someone like me a $250,000 tax cut is more valuable to our future than hiring transformative teachers or provide financial aid to the children of a middle class family. i don't believe that tax cut is more likely to create jobs than providing loans to new entrepreneurs or tax credits to small business owners who hire veterans. i don't believe it's more likely to spur economic growth than investments in clean energy technology and medical research or in new roads and bridges and runways. i don't believe that giving someone like mr. romney another huge tax cut is worth ending the guarantee of basic security we've always provided the elderly and the sick and those who are actively looking for work. those things don't make our economy weak. what makes our economy weak is when fewer and fewer people can afford to buy the goods
look, we have no choice whether we pay down our deficit. but we do have a choice about how we pay down our deficit. we do have a choice about what we can do without and where our priorities lie. i don't believe that giving someone like me a $250,000 tax cut is more valuable to our future than hiring transformative teachers or provide financial aid to the children of a middle class family. i don't believe that tax cut is more likely to create jobs than providing loans to new entrepreneurs or tax...
375
375
Oct 16, 2012
10/12
by
MSNBCW
tv
eye 375
favorite 0
quote 0
the deficit will be over $200 billion smaller than it was last year when the deficit was already smaller than the one the president inherited. barack obama turns out to be a reducer of the deficit. but he gets zero credit for this in the press or it turns out with voters. joining us is the man who was supposed to stop problems like that from happening. senior adviser robert gibbs. thank you for being here tonight. >> thank you for having me. >> am i blaming you unfairly? >> i think that was quite an intro. i do think you make a series of great points. we forget that before barack obama ever walked into the oval office, president bush had spent a trillion dollars that year. they want to blame -- it's funny. you listen to them talk about it and you forget that that was all under their watch. and so many of the policies that we're trying to unwind right now, we ended the war in afghanistan. we had to put more troops in afghanistan, now we're in the process of bringing more troops home. the bush tax cuts a lot of things that we're having to continue to pay for that are really the result of h
the deficit will be over $200 billion smaller than it was last year when the deficit was already smaller than the one the president inherited. barack obama turns out to be a reducer of the deficit. but he gets zero credit for this in the press or it turns out with voters. joining us is the man who was supposed to stop problems like that from happening. senior adviser robert gibbs. thank you for being here tonight. >> thank you for having me. >> am i blaming you unfairly? >> i...
80
80
May 17, 2013
05/13
by
MSNBCW
tv
eye 80
favorite 0
quote 0
paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted deficits since 2008 trying once again to repeal obama care. they voted for the 37th time to repeal obama care despite the fact that there is good reason to believe that obama care is to credit for much of the remarkable deficit reduction projected this week by the cbo. the deficit reduction republicans used to hold up as their entire reason for being. because the biggest driver of our long term deficits is rising health care costs and -- get this -- between 2009 and 2011, total health spending grew at the lowest annual pace in t
paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted...
109
109
Jul 21, 2011
07/11
by
MSNBCW
tv
eye 109
favorite 0
quote 0
when it comes to we like deficits. are deficits okay or are they terrible? they happen to hate deficits when a democrat is in the white house. this president has compromised so many that people on the left, in my camp, are sometimes disappointed, but we understand what he's doing. your party won't compromise. >> michael, respond to that very prescient thought. it raised a question of compromise. is your side a good a sport as democrats in the term of compromise? can you say? that? the public doesn't think so. >> i agree, chris. as i said on your show before, i think one of the problems republicans have is they have messaged this poorly. they have not laid out why they have taken so firmly the position they have taken, so people believe and begin to thing you aren't willing to make those compromises. they have said consistently they said to see something from the administration. they're looking, where do you want to cut? how do you want to address the entitlement challenges? the president has not laid that out. >> michael, i think -- you're usually up to date
when it comes to we like deficits. are deficits okay or are they terrible? they happen to hate deficits when a democrat is in the white house. this president has compromised so many that people on the left, in my camp, are sometimes disappointed, but we understand what he's doing. your party won't compromise. >> michael, respond to that very prescient thought. it raised a question of compromise. is your side a good a sport as democrats in the term of compromise? can you say? that? the...
90
90
Mar 20, 2012
03/12
by
MSNBCW
tv
eye 90
favorite 0
quote 0
there is still a deficit, a pretty big one, that's coming out of this. i want to bring in pennsylvania congresswoman allison schwartz. she is a member of the house budget committee. she joins me now from capitol hill. good morning. it's good to see you, congresswoman. >> good morning. >> look, here's what he says. he says we need to absorb the fat from the influx of retirees and the cost of insuring them. he says unless we do this, all of these entitlement programs are going to go belly up. what do you make of his plan? what is the democrats' response? >> look, it's really very, very clear that what the republican plan put forward by paul ryan does yet again this year as they tried to do last year is three things. well, it does many things, but i'll just mention three. it ends medicare as we know it. we'll talk more about that, i'm sure. it actually shifts the burden, the tax burden, from the wealthiest americans to middle class americans, and it increases the tax burden on the middle class. not a good thing, we believe, and it does nothing to grow the e
there is still a deficit, a pretty big one, that's coming out of this. i want to bring in pennsylvania congresswoman allison schwartz. she is a member of the house budget committee. she joins me now from capitol hill. good morning. it's good to see you, congresswoman. >> good morning. >> look, here's what he says. he says we need to absorb the fat from the influx of retirees and the cost of insuring them. he says unless we do this, all of these entitlement programs are going to go...
114
114
Jan 2, 2013
01/13
by
MSNBCW
tv
eye 114
favorite 0
quote 0
let's start with deficits. if you care about deficits, was this a good deal? >> no. this was terrible if you care about the deficit. it was awful. so one thing the budget wonks are happy about is two ways to measure this deal. under one way of measuring it, you'd measure under what the law said would have if we did nothing. this deal increased deficits over ten years by about $4 trillion. the other way of measuring deficits, which is more common in washington right now, is not measuring against what the law says it's going to happen, but against where we are right now, what would have if policies, tax code, nothing changed. measuring that, this deal cut deficits by $620 billion in ten years, something in that neighborhood. either way, the current policy is closer to the truth, but now we're getting into something where we at least have a common baseline on which to discuss what we're doing from here on out, but this wasn't a big deal. i'm not sure how much deficit we need in the short term, we need more than this. but this was not enough in taxes, there were no spend
let's start with deficits. if you care about deficits, was this a good deal? >> no. this was terrible if you care about the deficit. it was awful. so one thing the budget wonks are happy about is two ways to measure this deal. under one way of measuring it, you'd measure under what the law said would have if we did nothing. this deal increased deficits over ten years by about $4 trillion. the other way of measuring deficits, which is more common in washington right now, is not measuring...
85
85
Aug 22, 2011
08/11
by
MSNBCW
tv
eye 85
favorite 0
quote 0
but notwithstanding, i think the focus was on the deficit. but it's at least become clear to me and i think several economists and frankly every member from congress who's gone home and spoken to people in their district, their number one concern is jobs and job creation. i think the important thing here is that both dealing with the deficit and lowering unemployment link both economic growth and job creation with actually lowering the deficit. so the two are inextricably linked and go hand in hand. and that's why i think it's a pragmatic proposal to amend the existing legislation. so that would do one of three things. either have the committee itself take up as a vital component economic growth and job creation. and with the same reporting deadlines and the same kind of trigger, report back to congress as you described in an up or down vote. or, option "b," expand the committee. each leader appoint one additional member, bringing the total to 16 members, create a subcommittee to focus on economic growth and job creation. again with the same
but notwithstanding, i think the focus was on the deficit. but it's at least become clear to me and i think several economists and frankly every member from congress who's gone home and spoken to people in their district, their number one concern is jobs and job creation. i think the important thing here is that both dealing with the deficit and lowering unemployment link both economic growth and job creation with actually lowering the deficit. so the two are inextricably linked and go hand in...
107
107
Mar 9, 2012
03/12
by
MSNBCW
tv
eye 107
favorite 0
quote 0
that whole deficit ceiling thing come up before the election if things do not improve. it has to nationally get this too. >> i want to talk about romney beyond the economic message, the message in general and how he delivers it. we have been talking about grits in the early morning. he has been doubling down in a bid to get southern support. let's listen to what he said this morning in jackson. >> governor said i had to say it right, morning y'all. i got started right with cheesy grits. >> you wrote a book on him has he as been that way? yesterday this was a bad idea and today it's a worse idea. >> we should be fair and say that a lot of politicians do it. >> he is remarkably bad. >> a lot of them try it, i do not think he is trying to look too good there. but he does not need to win the whole south this year. he needs to win a fru -- few districts to get to the end. can the gop nominee get anywhere without having the south behind him? >> he will have the south. >> right, is alabama going for barack obama. >> the question is north carolina going to go for obama. >> he i
that whole deficit ceiling thing come up before the election if things do not improve. it has to nationally get this too. >> i want to talk about romney beyond the economic message, the message in general and how he delivers it. we have been talking about grits in the early morning. he has been doubling down in a bid to get southern support. let's listen to what he said this morning in jackson. >> governor said i had to say it right, morning y'all. i got started right with cheesy...
98
98
Feb 13, 2012
02/12
by
MSNBCW
tv
eye 98
favorite 0
quote 0
next year's deficit will almost be $1 trillion. the white house is bragging about a broken promise. deficit reduction may be besides the point, and he is laying out a document paid for with tax increases on the rich against the deep-spending cuts that will be the heart of the republican parties program, rebuilding versus austerity. why should not the austerity be a centerpiece of what the united states government is about these days, given how high the budget deficit is, and how much economic uncertainty that fiscal insanity contributes? >> david, i think that there's pretty broad agreements that the time for austerity is not today. we need to be on the path where over the next several years we bring the deficit under control. right now if we were to put in austerity measures right now it would take america in the wrong way. "the new york times" for example argued that 2012, 2013 is not the time for austerity. the challenge is how do you do two things at the same time? how do you put money forward for things like getting a jump-sta
next year's deficit will almost be $1 trillion. the white house is bragging about a broken promise. deficit reduction may be besides the point, and he is laying out a document paid for with tax increases on the rich against the deep-spending cuts that will be the heart of the republican parties program, rebuilding versus austerity. why should not the austerity be a centerpiece of what the united states government is about these days, given how high the budget deficit is, and how much economic...
79
79
Apr 11, 2012
04/12
by
MSNBCW
tv
eye 79
favorite 0
quote 0
it will help us close our deficit. if republicans in congress were truly concerned with deficits and debt, then i'm assuming that they wouldn't have proposed to spend an additional 1$1.3 trillion on tax cuts. they want to go in the opposite direction. they want to double down on some of the inequities that already exist in the tax code. if we're going to keep giving someone like me and people in this room, tax breaks that we don't need or afford, one or two things happen. either you got to borrow more money to pay down a deeper deficit or you've got to demand deeper sacrifices from the middle class and you've got to cut investments that help us grow as an economy. you got to tell seniors to pay more for their medicare. you'll have to tell that working family that scrape and buy they'll have to do more because the wealthiest of americans are doing less. and that's not right. the middle class has seen enough of its security erode over the past few decades that we shouldn't let that happen. we're not going to stop buildin
it will help us close our deficit. if republicans in congress were truly concerned with deficits and debt, then i'm assuming that they wouldn't have proposed to spend an additional 1$1.3 trillion on tax cuts. they want to go in the opposite direction. they want to double down on some of the inequities that already exist in the tax code. if we're going to keep giving someone like me and people in this room, tax breaks that we don't need or afford, one or two things happen. either you got to...
80
80
Feb 3, 2015
02/15
by
MSNBCW
tv
eye 80
favorite 0
quote 0
we're clearly not suffering from deficits too large. there is so many needing, we could be pushing clean energy. we could be doing much, much more. it is a long list. i give him credit for steps in the right direction but we could be doing more. >> i wanted to talk about this because it seemed that republicans really succeeded starting in 2010 in a, setting the personals of the budget politics, tightening our belt, language that democrats adopted much to the chagrin and the size of the economy. and democrats want to grow defendant, republicans want to shrink that, but there is nothing in the record that bears that out as the designing political feature and i think we will see that once again in this budget fight. >> that's right this whole argument, we're arguing about the size of government, republicans look the big government programs, the two biggest social security and medicare. they enjoy support for republicans. mitt romney was attacking president obama because he wanted to cut medicare. that is big government, right? >> yes, and
we're clearly not suffering from deficits too large. there is so many needing, we could be pushing clean energy. we could be doing much, much more. it is a long list. i give him credit for steps in the right direction but we could be doing more. >> i wanted to talk about this because it seemed that republicans really succeeded starting in 2010 in a, setting the personals of the budget politics, tightening our belt, language that democrats adopted much to the chagrin and the size of the...
154
154
Jul 28, 2011
07/11
by
MSNBCW
tv
eye 154
favorite 0
quote 0
and we have focused on jobs in times of deficits before. i'm glad to hear you say that we are at least hearing from some leadership on the democratic side that wef got to get this country back it talking about jobs. >> well, the republicans have very carefully and creatively created this debt limit crisis which they can make go away like that, if they want to, as a way to displace -- jobs and the economy and that's why the six-month delay is to bad. it will keep this distraction on the debt limit going and it will prevent us from doing infrastructure work. the green energy work that we need to do. p to put people back it work here in america. >> senator sheldon whitehouse, thank you. >> thank you, reverend. >> now from the washington post and msnbc analyst richard wolfe. dana to you on the hill first, do you have any information we didn't get from luke? can you give me some inside tidbits on how the vote is not coming around for speaker, get your butt in line baner? >> not quite the way he ordered. i think he laid it out pretty well. i was
and we have focused on jobs in times of deficits before. i'm glad to hear you say that we are at least hearing from some leadership on the democratic side that wef got to get this country back it talking about jobs. >> well, the republicans have very carefully and creatively created this debt limit crisis which they can make go away like that, if they want to, as a way to displace -- jobs and the economy and that's why the six-month delay is to bad. it will keep this distraction on the...
89
89
Jul 26, 2011
07/11
by
MSNBCW
tv
eye 89
favorite 0
quote 0
we know what we have to do to reduce our deficits. there's no point in putting the economy at risk by kicking the can further down the road. but there's an even greater danger to this approach. based on what we've seen these past few weeks, we know what to expect six months from now. the house of representatives will once again refuse to prevent default unless the rest of us accept their cuts-only approach. again, they will refuse to ask the wealthiest americans to give up their tax cuts or deductions. again, they will demand harsh cuts to programs like medicare. and once again, the economy will be held captive unless they get their way. this is no way to run the greatest country on earth. it's a dangerous game that we've never played before, and we can't afford to play it now. not when the jobs and livelihoods of so many families are at stake. we can't allow the american people to become collateral damage to washington's political warfare. >> and the president went on to say that, yes, he could back harry reid's plan in the senate. >
we know what we have to do to reduce our deficits. there's no point in putting the economy at risk by kicking the can further down the road. but there's an even greater danger to this approach. based on what we've seen these past few weeks, we know what to expect six months from now. the house of representatives will once again refuse to prevent default unless the rest of us accept their cuts-only approach. again, they will refuse to ask the wealthiest americans to give up their tax cuts or...
265
265
Jun 28, 2012
06/12
by
MSNBCW
tv
eye 265
favorite 0
quote 0
this is not going to blow up the deficit. this is not going to be a greater expense to america's budget. this is going to bringç down costs. that's exactly what the congressional budget office, the nonpartisan investigative arm of the congress for budgeting has stated time and time again. this is why the mandate being upheld was so important because if they didn't do that they wouldn't be able to score the bill. they scored the bill that's going to save this country billions of dollars. i don't think mitt romney got the memo. that's a great talking point. the next thing mitt romney signaled to us, this has become the focal point of his campaign. he thinks he's been handed the golden turkey to carve up day after day. i think we're going to hear a lot about health care in this country. we're going to reinvigor the debate on both sides. i can't wait for the first debate. but, you know, he says that it's going to put the government between the doctor and patient? no. this health care bill brings the patient and the doctor toget
this is not going to blow up the deficit. this is not going to be a greater expense to america's budget. this is going to bringç down costs. that's exactly what the congressional budget office, the nonpartisan investigative arm of the congress for budgeting has stated time and time again. this is why the mandate being upheld was so important because if they didn't do that they wouldn't be able to score the bill. they scored the bill that's going to save this country billions of dollars. i...
153
153
Jul 26, 2011
07/11
by
MSNBCW
tv
eye 153
favorite 0
quote 0
these emergency steps also added to the deficit. now every family knows a little credit card debt is manageable, but if we stay on the current path, our growing debt could cost us jobs and do serious damage to the economy. more of our tax dollars will go to paying off the interest on our loans. businesses will be less likely to open up shop and hire workers in a country that can't balance its books. interest rates could climb for everyone who borrows money. the homeowner with the mortgage, the student with a college loan, the corner store that wants to expand. and we won't have enough money to make job creating investments in things like education and infrastructure, or pay for vital programs like medicare and medicaid. because neither party is blamelesser in decisions that led to this problem, both parties have a responsibleability to solve it. over the last several month that's what we have been trying to do. i don't bore you with the details of every plan or proposal but basically the debate centered around two different approach
these emergency steps also added to the deficit. now every family knows a little credit card debt is manageable, but if we stay on the current path, our growing debt could cost us jobs and do serious damage to the economy. more of our tax dollars will go to paying off the interest on our loans. businesses will be less likely to open up shop and hire workers in a country that can't balance its books. interest rates could climb for everyone who borrows money. the homeowner with the mortgage, the...
162
162
Jul 27, 2012
07/12
by
MSNBCW
tv
eye 162
favorite 0
quote 0
there we have structural budget deficits, the kind of budget deficits that grow when they should be shrinking when the economy is expanding, and it's exactly -- at a time like this, you actually want your deficits to be large enough to support the economy given the private sector ongoing weakness. when that private sector comes back online, that's when you want things to go back to normal. if you actually look at what mitt romney's proposing, again, you're just looking at budget deficits as far as the eye can see. >> well, that to me, that is to me the single most annoying part about our economic debate right now, because i think if you asked mitt romney what is different -- and he kind of said this to brian williams -- is it that he is going to cut the debt, cut the deficit, cut spending. a looked at his plan and i have read the numbers on it, or at least read from people like you who run the numbers, and i see trillions in tax cuts and $1 trillion in spending, at least, he said a gdp much higher than it is now, and he's got gestures towards spending cuts, but nothing anywhere near the size
there we have structural budget deficits, the kind of budget deficits that grow when they should be shrinking when the economy is expanding, and it's exactly -- at a time like this, you actually want your deficits to be large enough to support the economy given the private sector ongoing weakness. when that private sector comes back online, that's when you want things to go back to normal. if you actually look at what mitt romney's proposing, again, you're just looking at budget deficits as far...
178
178
Oct 4, 2012
10/12
by
MSNBCW
tv
eye 178
favorite 0
quote 0
said you'd cut the deficit in half, it's now four years later, we have $1 trillion deficits, the cbo says we'll have a $1 trillion deficit each of the next four years. if you're re-elected, we'll get to a $1 trillion debt. and i love this idea of $4 trillion in cuts. you found $4 trillion of ways to get closer to a balanced budget, yet we still show $1 trillion deficits every year. that doesn't get the job done. let me come back and say, why is it that i don't want to raise taxes. well, i don't want to raise taxes on people. and you said it back in 2010. you said, i'm going to extend the tax policies that we have. i'm not going to raise taxes on anyone, because when the economy is growing slow like this, when we're in recession, you shouldn't raise taxes on anyone. well, the economy is still growing slow. as a matter of fact, it's growing much more slowly now than when you made that statement. so if you believe the same thing, you just don't want to raise taxes on people, and the reality is, it's not just wealthy people. you mentioned donald trump. it's not just donald trump you're t
said you'd cut the deficit in half, it's now four years later, we have $1 trillion deficits, the cbo says we'll have a $1 trillion deficit each of the next four years. if you're re-elected, we'll get to a $1 trillion debt. and i love this idea of $4 trillion in cuts. you found $4 trillion of ways to get closer to a balanced budget, yet we still show $1 trillion deficits every year. that doesn't get the job done. let me come back and say, why is it that i don't want to raise taxes. well, i don't...
224
224
Jul 21, 2012
07/12
by
MSNBCW
tv
eye 224
favorite 0
quote 0
we have a big deficit. how about just cutting the deficit through different taxation policies. but the minute you get to the reality of these cuts, and here we are. you like the ryan cuts, you like him cutting things? here's what he's cutting. medicare. explain it. defend it. i think that's the problem romney's going to have between now and november. >> right. and the broader question you just raised, we have a deficit, we have a debt. these have become problematic and everyone agrees with that. then you get into the details of whose option are you going to go for and whose order are you going to protect in order to do something about that? are you going to go after the most vulnerable as the ryan budget does? not only cutting medicare but things like education and other important spending that helps the most vulnerable. or are you going to provide tax cuts for the rich or are you going to preserve some of those programs in order to move toward a society where everybody has an equal shot and chance. they're going to say that the president's trying to scare people, but this isn'
we have a big deficit. how about just cutting the deficit through different taxation policies. but the minute you get to the reality of these cuts, and here we are. you like the ryan cuts, you like him cutting things? here's what he's cutting. medicare. explain it. defend it. i think that's the problem romney's going to have between now and november. >> right. and the broader question you just raised, we have a deficit, we have a debt. these have become problematic and everyone agrees...
133
133
Mar 14, 2013
03/13
by
MSNBCW
tv
eye 133
favorite 0
quote 0
but we make targeted deficit reduction in the out years to bring the outyear deficits under control. we do not want our deficits growing faster than the economy. we want to stabilize our debt but we want to do it in a way that maintains our commitments to our seniors and invests in economic growth. that's what the democratic proposals will do. they'll invest in long-term economic growth. but in a targeted way, both by smart cuts, by closing all of those tax loopholes for high-income people. by the way, mitt romney and paul ryan talked about during the campaign -- those tax breaks are all still there. by eliminating those tax breaks, we can take a balanced approach to reducing the long-term deficit. which is an issue. but you shouldn't sacrifice economic growth now, on the altar of deep cuts and an austerity philosophy. >> i want to bring the panel in because you know, the congressman talks about making smart cuts now. what's in it for democrats to do any grand bargaining at all. any savings that would be applied in cutting the budget, would not be applied to their priorities. it's no
but we make targeted deficit reduction in the out years to bring the outyear deficits under control. we do not want our deficits growing faster than the economy. we want to stabilize our debt but we want to do it in a way that maintains our commitments to our seniors and invests in economic growth. that's what the democratic proposals will do. they'll invest in long-term economic growth. but in a targeted way, both by smart cuts, by closing all of those tax loopholes for high-income people. by...
109
109
May 15, 2012
05/12
by
MSNBCW
tv
eye 109
favorite 0
quote 0
that will go nowhere near closing the deficit that his budget would make worse. so you know, he had a few one liners there but the biggest joke of all is that the very thing he is talking about, he would take us further and further away from. you know, the voters will have a choice and his choice, he may have identified a problem but his solutions are no better than anything we've seen. in fact they're worse. >> that's fair. >> of course it's not fair. it is truthful -- >> what did you hear that would substantively reduce the deficit? >> first of all when he says we need to stop spending money in washington, he's absolutely right. no, i'm actually going to give you the truth. the percentage of spending to gdp is 24%. the average post world war ii average of gdp spending is 21%. we are spending far too much money in these times. so when you say -- >> how is mitt romney going to increase the size of the military and shrink everything else and control the deficit? i can't work that out. sorry. go ahead? >> and he is going to cut taxes. how does he close the deficit
that will go nowhere near closing the deficit that his budget would make worse. so you know, he had a few one liners there but the biggest joke of all is that the very thing he is talking about, he would take us further and further away from. you know, the voters will have a choice and his choice, he may have identified a problem but his solutions are no better than anything we've seen. in fact they're worse. >> that's fair. >> of course it's not fair. it is truthful -- >>...
173
173
Jun 12, 2012
06/12
by
MSNBCW
tv
eye 173
favorite 0
quote 0
first, the president has a deficit reduction plan on the table, a tilted plan to reduce the deficit by $4 trillion. $2 trillion of that has already been enacted into law. that's real progress in paying down our debt in a responsible, balanced way, to ensure that we continue growing our economy, we're taking care of the middle class. now, on the other side, mitt romney has these grand plans of how he's going to balance the budget and adopt the ryan budget to reduce the deficit. there's not one single study out there that shows that the ryan plan would actually result in deficit reduction. >> so is it a false promise? >> and mitt romney can't tell us how exactly he's going to reduce the deficit, other than making these grand promises. so the only -- >> so is that an empty -- >> the only thing we have to look at is his record in massachusetts, where he didn't reduce the deficit. he actually increased the debt of the state. number one per capita in the country. so mitt romney is not coming out of a puff of smoke. he has a record here and we need to talk about that record. we're in the cour
first, the president has a deficit reduction plan on the table, a tilted plan to reduce the deficit by $4 trillion. $2 trillion of that has already been enacted into law. that's real progress in paying down our debt in a responsible, balanced way, to ensure that we continue growing our economy, we're taking care of the middle class. now, on the other side, mitt romney has these grand plans of how he's going to balance the budget and adopt the ryan budget to reduce the deficit. there's not one...
180
180
Oct 4, 2012
10/12
by
MSNBCW
tv
eye 180
favorite 0
quote 0
they were deficit financed in the first place. the president is counting on savings from last year when the white house and congress raised the debt ceiling. >> andrea mitchell reporting. lawrence o'donnell asked martin o'malley what president obama should do next time he faces mitt romney in a debate? >> i think the president has to keep doing what he's doing. be truthful about why he made the choices he made. keep talking about the fact we are moving forward, not back with positive job growth. he has to continue to press governor romney that he's not putting forth the specifics of how he would do the various things he promised. it is a choice right now between two alternatives. i think problem's is based on the reality of the decisions we must make together as a people if we want a better and stronger economy. don't miss lawrence o'donnell on msnbc, the place for politics. here is a look at other news. in south carolina, a viole attack caught on camera. a convicted robbery defendant surprised his public defender with a roundhous
they were deficit financed in the first place. the president is counting on savings from last year when the white house and congress raised the debt ceiling. >> andrea mitchell reporting. lawrence o'donnell asked martin o'malley what president obama should do next time he faces mitt romney in a debate? >> i think the president has to keep doing what he's doing. be truthful about why he made the choices he made. keep talking about the fact we are moving forward, not back with...
334
334
Feb 20, 2012
02/12
by
MSNBCW
tv
eye 334
favorite 0
quote 0
the second part is we need to balance the deficit and deal with it in a balanced way. thiss not a question about whether or not we should reduce the long-term deficit. it's how. the republicans and paul ryan's budget does this, it's a one-sided lopsided approach. they want to take it all out on middle-income amerans. the result is that you are going to have folks on medicare, seniors with a 23,000 median income taking in the burden for increased medical costs because they don't want to ask folks at the very high end to pitch in by closing corporate tax loopholes and by going back to the same top tax rate in place in the clinton years when the economy boomed and we balanced the budget by the end. they all signed a pledge saying they won't close one tax loophole for the purpose of deficit reduction. the first action taken by the house of representatives when the republicans took charge was to change the house rules to say that you don't have to pay for tax cuts for the folks at the very top. you can put that on your credit card. what we need to do is take a balanced appr
the second part is we need to balance the deficit and deal with it in a balanced way. thiss not a question about whether or not we should reduce the long-term deficit. it's how. the republicans and paul ryan's budget does this, it's a one-sided lopsided approach. they want to take it all out on middle-income amerans. the result is that you are going to have folks on medicare, seniors with a 23,000 median income taking in the burden for increased medical costs because they don't want to ask...
186
186
Nov 13, 2012
11/12
by
MSNBCW
tv
eye 186
favorite 0
quote 0
the fiscal part of it, tend to associate fiscal problems with deficit. this will be a problem caused by too much deficit reduction too quickly. you got these debates is it a cliff, a curve? a slope? i don't think we know how quickly problems begin. what we do know it's a sufficient contraption, in 2013, within two months, if we don't solve it, we'll need to raise the debt ceiling, tip the country into a recession and the financial markets into chaos. with some confidence and certainty it's a crisis. austerity, we're worried about austerity too quickly. i'm trying as a journalist to give this thing a name of what's going to happen here. >> let's talk about what you written and the election in 2016 as it relates to austerity crisis. you write, there are a number of powerful republicans who would see their futures diamond by a grand bargain that credibly puts deficits on a downward trajectory. so, are you saying people like congressman paul ryan who has been a deficit hawk and campaigned on being a deficit hawk on the romney/ryan taicket do you think he wou
the fiscal part of it, tend to associate fiscal problems with deficit. this will be a problem caused by too much deficit reduction too quickly. you got these debates is it a cliff, a curve? a slope? i don't think we know how quickly problems begin. what we do know it's a sufficient contraption, in 2013, within two months, if we don't solve it, we'll need to raise the debt ceiling, tip the country into a recession and the financial markets into chaos. with some confidence and certainty it's a...
131
131
Jul 25, 2011
07/11
by
MSNBCW
tv
eye 131
favorite 0
quote 0
one of our problems is -- >> why not focus on jobs instead of the deficit then? >> we've got a politically created debt ceiling crisis connected focus on spending and deficits right now. i do think that we have tried in the senate over and over to bring bills to the floor and pass them that would be job creators. as you may know, the faa, the federal av jasidministration, o furlough. we weren't able to get the economic development administration reauthorized this year. not able to get a bill through the floor to promote small business innovation and research grants. these are things that were routinely reauthorized in previous congresses and the republicans filibustering our efforts to viewing job creation and legislation. >> the petty nature of the political structure. i dispute that, what you're discussing would really solve our problems because i view the lack of jobs and the issue in this country as a major structural dysfunction inside of the banking system, inside of our trade agreements, and our failure to adapt to the 21st century. so we could do -- >> we
one of our problems is -- >> why not focus on jobs instead of the deficit then? >> we've got a politically created debt ceiling crisis connected focus on spending and deficits right now. i do think that we have tried in the senate over and over to bring bills to the floor and pass them that would be job creators. as you may know, the faa, the federal av jasidministration, o furlough. we weren't able to get the economic development administration reauthorized this year. not able to...
59
59
Apr 15, 2014
04/14
by
MSNBCW
tv
eye 59
favorite 0
quote 0
and overall, the law should reduce deficits. that's right, in case any republicans didn't hear me, the law will lower deficits. the cbo also projects 12 million more people will gain health insurance this year because of the affordable care act. and that will climb to 26 million by 2017. cold, hard numbers. showing this law is working. so how wouare the friends on th right going to react? i bet they'll say the same things they said when they learned 7.5 million people signed up for health care. deny, deny, deny. >> they know they've got a math problem with obama care. and the numbers are not going to work out so that the program is actuarily sound and they're going to have somebody to come spin the numbers. >> the obama administration is using funny numbers when it's touting the enrollment numbers. >> obama care has been the single greatest lie i've ever witnessed. >> they need a fall guy when the truth comes out that they don't have 7.5 million enrollees. >> well, limbaugh's got a point there. they don't have 7 million enrollee
and overall, the law should reduce deficits. that's right, in case any republicans didn't hear me, the law will lower deficits. the cbo also projects 12 million more people will gain health insurance this year because of the affordable care act. and that will climb to 26 million by 2017. cold, hard numbers. showing this law is working. so how wouare the friends on th right going to react? i bet they'll say the same things they said when they learned 7.5 million people signed up for health care....
101
101
Nov 27, 2012
11/12
by
MSNBCW
tv
eye 101
favorite 0
quote 0
social security, not a penny to the deficit. medicare, he wants $250 million over a quarter of a year. that saves for medicare. and medicaid is more essential now than it's ever been and it's a key part of obama care. i don't know what mr. plouffe was talking about. i think he got the republican talking points mixed up with his. >> that was my first impression when i saw the videotape as well. the question comes up. what are you willing to accept in a deal when it comes to programs like medicare and medicaid? >> look, this december should be about revenues. then we can go on to have discussions about the long-term solvency and where medicare fits in and the changes coming by 2014 as we move ahead with obama care. but revenues have to come first. they should come first because we hold all the ace s. they don't have to worry about their pledge because they are voting to reduce taxes for working americans. they just can't do anything about the millionaires and billionaires and the unearned income, which is going to go back to clint
social security, not a penny to the deficit. medicare, he wants $250 million over a quarter of a year. that saves for medicare. and medicaid is more essential now than it's ever been and it's a key part of obama care. i don't know what mr. plouffe was talking about. i think he got the republican talking points mixed up with his. >> that was my first impression when i saw the videotape as well. the question comes up. what are you willing to accept in a deal when it comes to programs like...
110
110
Jul 27, 2012
07/12
by
MSNBCW
tv
eye 110
favorite 0
quote 0
now, you need to do more deficit finance stimulus in the short term. at least implement dodd-frank, because we live in a different economic moment. am i misreading that? >> it's exactly right. this whole kind of notion that's embedded in our thinking that somehow republicans are fiscally responsible and democrats aren't has been completely flipped on its head by the dynamic you just mentioned. when the economy is growing, the gdp is rising, unemployment's falling, you want your deficit to come down, as it did under clinton and as it did not decidely do under bush. there we have what are called structural budget deficits, the kind that grow when she should be shrinking when the economy is expanding. and at a time like this, you actually want your deficits to be large enough to support the economy, given the private sector ongoing weakness. when that private sector comes back online, that's when you want things to go back to normal. if you actually look at what mitt romney's proposing again, you're just looking at budget deficits as far as the eye can se
now, you need to do more deficit finance stimulus in the short term. at least implement dodd-frank, because we live in a different economic moment. am i misreading that? >> it's exactly right. this whole kind of notion that's embedded in our thinking that somehow republicans are fiscally responsible and democrats aren't has been completely flipped on its head by the dynamic you just mentioned. when the economy is growing, the gdp is rising, unemployment's falling, you want your deficit to...
163
163
Oct 4, 2012
10/12
by
MSNBCW
tv
eye 163
favorite 0
quote 0
about i say i will not add to the deficit with my tax plan. >> romney never actually said there would be a 20% tax cut? >> i'm going to lower rates across the board for all americans by 20%. i want a 20% across the board reduction in taxes. the individual marginal tax rate 20% across the board. the top rate, for instance, would go from 35 to 28, middle rates would come down by 20% as well, all rates come down. >> president obama was just as surprised. >> well, for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big, bold idea is never mind. >> but the etch a sketching did not stop there. governor romney who once believed financial regulation was hurting the economy -- >> dodd frank it's called, has not helped enterprise get going, it's slowed it down. >> now seems to be a supporter of wall street regulation. >> want to repeal dodd/frank? >> and replace it. we're not going to get rid of regulation. some parts of dodd/frank that make all of the sense in the world. >> and back in june, romney mocked the president's crazy ideas a
about i say i will not add to the deficit with my tax plan. >> romney never actually said there would be a 20% tax cut? >> i'm going to lower rates across the board for all americans by 20%. i want a 20% across the board reduction in taxes. the individual marginal tax rate 20% across the board. the top rate, for instance, would go from 35 to 28, middle rates would come down by 20% as well, all rates come down. >> president obama was just as surprised. >> well, for 18...
42
42
Apr 14, 2013
04/13
by
MSNBCW
tv
eye 42
favorite 0
quote 0
there's good deficit spending and bad deficit spending. there's deficit spending for good programs that return on investment like any business, and there's deficit spending that is wasteful that should be cut. there is a little subtlety to this that the president, as the leader of the nation, needs to explain about what we're doing and why. that's what we need to here. >> in fairness, you know, president obama the last four years is not the first major democrat on the national stage to make a big deal about deficits. this story goes back generations. we have a pretty fun video that's going to make an important point in the context to this and we'll play it as soon as we come back. 7 socks and 6 weeks of sleep but one thing you don't want to lose is any more teeth. if you wear a partial, you are almost twice as likely to lose your supporting teeth. new poligrip and polident for partials 'seal and protect' helps minimize stress, which may damage supporting teeth, by stabilizing your partial. and 'clean and protect' kills odor-causing bacteri
there's good deficit spending and bad deficit spending. there's deficit spending for good programs that return on investment like any business, and there's deficit spending that is wasteful that should be cut. there is a little subtlety to this that the president, as the leader of the nation, needs to explain about what we're doing and why. that's what we need to here. >> in fairness, you know, president obama the last four years is not the first major democrat on the national stage to...
101
101
Dec 1, 2011
12/11
by
MSNBCW
tv
eye 101
favorite 0
quote 0
but let's not pretend there's a longstanding consistent deficit concern here there isn't. there just isn't. >> they do care about the politics of it and optics of it. it is damaging to republican candidates and republican office holders if they are seen to do something for president obama ha adds to the deficit. i'm not saying they are genuine concern or track record of caring about the deficit. >> they didn't care about the optics on the debt ceiling debate. why would they care now? >> they just lost on the optics. >> they think it was a fwrgreat >> and think the republicans think they won on that. and that's why the super committee came to a grinding halt and the president was thousands of miles away having nothing to do with it. >> they have a large shadow for doing nothing. >> we'll talk about this and other things, including michelle bachmann, megan mccain will talk about her interview yesterday with the congresswoman and that will be next on "now." [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doe
but let's not pretend there's a longstanding consistent deficit concern here there isn't. there just isn't. >> they do care about the politics of it and optics of it. it is damaging to republican candidates and republican office holders if they are seen to do something for president obama ha adds to the deficit. i'm not saying they are genuine concern or track record of caring about the deficit. >> they didn't care about the optics on the debt ceiling debate. why would they care...
255
255
Dec 19, 2012
12/12
by
MSNBCW
tv
eye 255
favorite 0
quote 0
more than any other deficit reduction package. that we will have stabilized it for ten years. that's a significant achievement for them. they should be proud of it, but they keep on finding ways to say no as opposed to finding ways to say yes. and i don't know how much of that just has to do with, you know, it is very hard for them to say yes to me. but, you know, at some point, you know, they've got to take me out of it and think about their voters. and think about what's best for the country. and if they do that, if they are not worried about who's winning and who's losing, you know, did they score a point on the president, extract that last little concession, did they, you know, force him to do something he really doesn't want to do just for the heck of it, and they focus on actually what's good for the country, i actually think we can get this done. >> reporter: you mention the $700,000 and $800,000. are you willing to move on income level, and are there specific things -- >> i'm not getting into specific negotiations here. my
more than any other deficit reduction package. that we will have stabilized it for ten years. that's a significant achievement for them. they should be proud of it, but they keep on finding ways to say no as opposed to finding ways to say yes. and i don't know how much of that just has to do with, you know, it is very hard for them to say yes to me. but, you know, at some point, you know, they've got to take me out of it and think about their voters. and think about what's best for the country....
77
77
May 18, 2013
05/13
by
MSNBCW
tv
eye 77
favorite 0
quote 0
we reduce the deficits. >> spending is out of control. >> the tremendous deficits. >> debts out of control. it is kicking the can down the road an frankly we're out of road. >> really? the best part of this story is how progressive policies took the air out of the deficit. that's been going since george w. bush took office. now republican cuts from sequestration and the fiscal cliff deal did not reduce the deficit. they weren't even part of the calculations. here's what did help slink the deficits. tax heights on the wealthy americans an obama care. joining us with the rapid response are my guests. great to have you all with us. mike, why aren't the republicans talking about the deficit anymore? >> well it's bad news. look this is terrible news, ed. the only way to analyze the deficit to look at the ratio. u's called the gdp to debt ratio. obama came in with the 10% to debt to gdp ratio. he has it down to 4%. they sate's going to down to 2%. those are not great talking points for republicans. >> david does the massive deficit debt reduction hurt job growth. >> we would be much better off i
we reduce the deficits. >> spending is out of control. >> the tremendous deficits. >> debts out of control. it is kicking the can down the road an frankly we're out of road. >> really? the best part of this story is how progressive policies took the air out of the deficit. that's been going since george w. bush took office. now republican cuts from sequestration and the fiscal cliff deal did not reduce the deficit. they weren't even part of the calculations. here's what...
107
107
Nov 22, 2012
11/12
by
MSNBCW
tv
eye 107
favorite 0
quote 0
this is the deficit in '09 when president obama took office and inherited the deficit from president bush. over the next three years president obama cut the deficit by $200 billion just from last year to this year, so the deficit isn't growing. it is shrinking by a lot. seriously. the folks at investors business daily calculated the deficit is now falling faster than at any time since the end of the second world war and falling so fast is might not be able to fall any faster without sending us back into recession. when president obama started, the deficit equalled 10% of the whole economy and now it equals just 7%. so go ahead, boggle your uncle's mind with this chart. the bars below zero represent years when the deficit grew. these bars above zero represent years when the deficit shrunk. we're here right now in the deficit shrunk portion of the chart. the point of the shrinking on the whole chart back to 1950. when somebody stops inevitably matering about the fiscal cliff and the sky rocketing deficit, they don't know what they're talking about and they probably don't know it is wro
this is the deficit in '09 when president obama took office and inherited the deficit from president bush. over the next three years president obama cut the deficit by $200 billion just from last year to this year, so the deficit isn't growing. it is shrinking by a lot. seriously. the folks at investors business daily calculated the deficit is now falling faster than at any time since the end of the second world war and falling so fast is might not be able to fall any faster without sending us...
127
127
Sep 19, 2011
09/11
by
MSNBCW
tv
eye 127
favorite 0
quote 0
he's going to come out with his long-term deficit reduction plan. i think that's a good idea. but he's going to make clear that you can't balance the budget on the back of no growth. so we don't want big tax increases, or spending cuts now. we've got to focus on the jobs first, then we can bring the debt down. >> here's a story from bloomberg news on friday, i'll put it up on the screen. the headline, clinton popularity prompts buyer's remorse. the most popular national political figure in america today is one who was rejected by her own party three years ago, secretary of state hillary clinton. nearly two-thirds of americans hold a favorable view of her and one-third are suffering a form of buyers remorse, saying the u.s. would be better off now if she had become president in 2000 eight, instead of barack obama. as my son would say, this is awkward. >> well, first, i'm proud of her, and i think that the american people are right that she's done a really fine job. but she'd be the first to tell you that, you know, the further you get out of the line of fire, the more popular y
he's going to come out with his long-term deficit reduction plan. i think that's a good idea. but he's going to make clear that you can't balance the budget on the back of no growth. so we don't want big tax increases, or spending cuts now. we've got to focus on the jobs first, then we can bring the debt down. >> here's a story from bloomberg news on friday, i'll put it up on the screen. the headline, clinton popularity prompts buyer's remorse. the most popular national political figure...
55
55
Sep 7, 2018
09/18
by
MSNBCW
tv
eye 55
favorite 0
quote 0
suddenly deficits do not matter. even though just two years ago, when the deficit was lower, they said i couldn't afford to help working families or seniors on medicare, because the deficit was an existential crisis. what changed? what changed? they're subsidizing corporate polluters with taxpayer dollars, allowing dishonest lenders to take advantage of veterans, students and consumers again. they have made it so that the only nation on earth to pull out of the global climate agreement. it's not north korea, it's not syria, it's not russia or saudi arabia. it's us, the only country. there are a lot of countries in the world. we're the only ones. they're undermining our alliances, cozying up to russia. what happened to the republican party? it's central organizing principle in foreign policy was the fight against communism, and now they're cozying up to the former head of the kgb. actively blocking legislation that would defend our elections from russian attack. what happened? they're sabotaging the affordable care ac
suddenly deficits do not matter. even though just two years ago, when the deficit was lower, they said i couldn't afford to help working families or seniors on medicare, because the deficit was an existential crisis. what changed? what changed? they're subsidizing corporate polluters with taxpayer dollars, allowing dishonest lenders to take advantage of veterans, students and consumers again. they have made it so that the only nation on earth to pull out of the global climate agreement. it's...
90
90
Nov 22, 2011
11/11
by
MSNBCW
tv
eye 90
favorite 0
quote 0
total deficit 1.2% of gdp. spending back then was 20% of gdp. since president obama took office and the democrats took control of congress, spending has exploded. the serial bailouts, missive stimulus to the point where government is now closer to 25% of gdp, it's a 25% increase in the size of government overnight. that's the problem. we have a spending problem. the president acknowledged the health care portion is the driver of this problem. that's true. you could double everybody's income taxes tomorrow and we would be running a $300 billion deficit. >> senator, excuse me, federal revenue as a share of the overall economy is at the lowest level. if you look at the chart of president obama, the extension from 2009 to 2017 they are going to cost $1.44 trillion as opposed to the bush policy. how can you say it's a spending problem, not a revenue problem. we have the lowest share of revenue. 5.07 under bush. >> let me explain it for you. we had a recession. we are in a weak economy. we have a high unemployment rate. when you have that, you have a
total deficit 1.2% of gdp. spending back then was 20% of gdp. since president obama took office and the democrats took control of congress, spending has exploded. the serial bailouts, missive stimulus to the point where government is now closer to 25% of gdp, it's a 25% increase in the size of government overnight. that's the problem. we have a spending problem. the president acknowledged the health care portion is the driver of this problem. that's true. you could double everybody's income...
99
99
Mar 25, 2013
03/13
by
MSNBCW
tv
eye 99
favorite 0
quote 0
deficits have nothing to do, because the federal government reduced its deficit. that doesn't mean wal matt is going to go out and hire a bunch of people. they're not connected and we're having this conversation over and over. >> that's the problem with our side. >> i want to get josh in here. >> the usual circumstance in which government borrowing is crowding out private investment and holding back growth is that interest rates rise because governments trying to borrow money at the same time that companies are trying to raise capital, it makes capital more expensive and it makes difficult for people to invest. we're not seeing it right now. interest rates are extremely low, not just in the short-term, but also in the long run. we have extremely low, 30-year interest rates what that reflects is there's not a lot of demand for capital in the private sector. the government could be boosting the economy by borrowing and spending the money itself. and in the future, if, if we see interest rates starting to rides, that will be in part an indication of expectations of i
deficits have nothing to do, because the federal government reduced its deficit. that doesn't mean wal matt is going to go out and hire a bunch of people. they're not connected and we're having this conversation over and over. >> that's the problem with our side. >> i want to get josh in here. >> the usual circumstance in which government borrowing is crowding out private investment and holding back growth is that interest rates rise because governments trying to borrow money...
142
142
Jul 27, 2012
07/12
by
MSNBCW
tv
eye 142
favorite 0
quote 0
we couldn't keep running deficits while we were growing, right? but by the time he entered office, the economy had begun to collapse, and this is really the key part here. his policies changed. it's not that he didn't support the other stuff or that he didn't try to pass it. in fact, he did pass health care reform, but his first initiative was a massive deficit finance stimulus bill. by the way, before he got into office, he helped pass the second t.a.r.p. bailout bill, too. the biggest idea is the american jobs act, which combines big, but temporary, tax cuts for workers and small or expanding businesses with aid in an huge but temporary effort to rebuild our nation's infrastructure and extension of unemployment benefits. whether you agree with these policies or hate them, think they are exactly the wrong thing for the economy, they are, if nothing else, clearly connected to the current state of the economy. they are ideas to get people back to work now. to get money in people's pockets now. to reward businesses for hiring new workers now. no dem
we couldn't keep running deficits while we were growing, right? but by the time he entered office, the economy had begun to collapse, and this is really the key part here. his policies changed. it's not that he didn't support the other stuff or that he didn't try to pass it. in fact, he did pass health care reform, but his first initiative was a massive deficit finance stimulus bill. by the way, before he got into office, he helped pass the second t.a.r.p. bailout bill, too. the biggest idea is...
128
128
Aug 26, 2012
08/12
by
MSNBCW
tv
eye 128
favorite 0
quote 0
what are you specifically talking about, taxes, reducing the deficit? to help small business. >> again, different people have different things that concern them. my biggest concern as a business owner is our national debt and our deficit. it is a concern to me so see that kind of thing and what it will do to our children, what it will do to my expenses going forward, what it will do to my retirement. i have concerns about that. i would like to see a plan to see which candidate is going to reduce the deficit over a period of time. however, no matter what plan that they present, i've got to say i'm not quite sure if they even know if that's going to work or not. >> the only party i belong to is the entrepreneur party. not liberal, not republican, it's nothing more than people wanting to be smart about starting their businesses. that's always been my thought. so i get really tired of hearing that if we change the tax system somehow, this is going to make more money. people change their businesses to make more money. not taxes. the socioeconomic changes tha
what are you specifically talking about, taxes, reducing the deficit? to help small business. >> again, different people have different things that concern them. my biggest concern as a business owner is our national debt and our deficit. it is a concern to me so see that kind of thing and what it will do to our children, what it will do to my expenses going forward, what it will do to my retirement. i have concerns about that. i would like to see a plan to see which candidate is going to...
199
199
Jul 26, 2011
07/11
by
MSNBCW
tv
eye 199
favorite 0
quote 0
we know what we have to do to reduce our deficits. there's no point in putting the economy at risk by kicking the can further down the road. but there's an even greater danger to this approach. based on what we've seen these past few weeks, we know what to expect six months from now. the house of representatives will once again refuse to prevent default unless the rest of us accept their cuts-only approach. again, they will refuse to ask the wealthiest americans to give up their tax cuts or deductions. again, they will demand harsh cuts to programs like medicare. and once again, the economy will be held captive unless they get their way. this is no way to run the greatest country on earth. it's a dangerous game that we've never played before and we can't afford to play it now. not when the jobs and livelihoods of so many families are at stake. we can't allow the american people to become collateral damage to washington's political warfare. >> and the president went on to say that, yes, he could back harry reid's plan in the senate. >>
we know what we have to do to reduce our deficits. there's no point in putting the economy at risk by kicking the can further down the road. but there's an even greater danger to this approach. based on what we've seen these past few weeks, we know what to expect six months from now. the house of representatives will once again refuse to prevent default unless the rest of us accept their cuts-only approach. again, they will refuse to ask the wealthiest americans to give up their tax cuts or...
289
289
Jan 20, 2013
01/13
by
MSNBCW
tv
eye 289
favorite 0
quote 0
he believes the deficit is a problem and deficit reduction is a priority. when you look at the approval rate of americans on handling of the economy, it's split half and half with support for the president and 49% versus 48% disapproving. there's a little room to do a big thing. this president is a deficit hawk. >> i'm afraid ezra is right in describing what we are going to be obsessed with. there are a lot of big things left. we had inequality rising in the country for three decades. poverty going up because of the recession. it's a big problem in the country. we had the flight of manufacturing jobs until recently. there's a bit of a turn around there. it seems to me president obama's biggest priority should not be the deficit. it should be restoring shared economic growth. yes, we need to do something about the long term deficit. i think the big argument is going to be between people who want to argue that the whole deal is deficit reduction. let's spend all our time putting on our green eye shades and talking these numbers. ezra will be excellent in desc
he believes the deficit is a problem and deficit reduction is a priority. when you look at the approval rate of americans on handling of the economy, it's split half and half with support for the president and 49% versus 48% disapproving. there's a little room to do a big thing. this president is a deficit hawk. >> i'm afraid ezra is right in describing what we are going to be obsessed with. there are a lot of big things left. we had inequality rising in the country for three decades....